Managing a position

A leveraged position is not something you open and forget. Rates move, the collateral earns, the debt accrues, and the health factor drifts with all of it. Everything below is signed by you, and nothing in the app does it for you.

Change the leverage

Moving the leverage up borrows more and buys more collateral. Moving it down sells collateral to repay debt. Both go through the same loop as the open (flash loan, swap, settle). Moving up is a single transaction that either completes or does not happen; moving down takes more than one, and the panel says so before you start.

The panel sizes the transaction by asking the aggregators what they will actually fill at your size, then solving for the flash loan that lands on the leverage you asked for. It does that in rounds, because the fill rate depends on the size and the size depends on the fill rate.

Close part of it

You can unwind a fraction rather than all of it. The collateral sold and the debt repaid scale together, so a partial close leaves the remaining position at roughly the leverage it had. It makes the position smaller, not safer. To make it safer, reduce the leverage instead.

Some collateral cannot be closed in part. Where the exit route has to redeem the whole holding at once, DeVOLT says so rather than offering a control that would fail.

Close all of it

Closing sells the collateral, repays the debt, and returns what is left to your wallet in the borrowed token. What is left is the thin part: your equity is the difference between much larger numbers, so a small change in the price you sell at is a large change in what you receive.

When the collateral has its own exit rules

Some collateral is a vault share rather than a plain token. Getting out of it may mean redeeming at its own stated value rather than selling it on an exchange, and some vaults will only redeem after a waiting period, or only for holders they have approved.

DeVOLT checks the exit before you open, not after. Where a market can be entered but not left cleanly, that is said on the market page, because a position you cannot close is worse than one you never opened.

Seeing what you hold

positions

Every open position, valued with the oracle of the market it sits in and real token decimals, with its health factor and leverage.

portfolio

The same holdings gathered by what they are, rather than by which market they sit in, with where the risk is concentrated: how much sits in one collateral, one venue or one chain.

history

What you did through DeVOLT and how your equity moved over time. It is shown only to the wallet that signed in.

To use DeVOLT you sign once with one free signed message, which accepts the Terms, moves no funds and costs no gas. Your history and your equity curve are private to your wallet. The signature lasts about a month on that browser and is renewed while you use it, and you can sign out of one wallet or everywhere. Closing a position in the app also needs a current signature.